That is a very important point made by "The conversable Economist" Tim Taylor.

The above implies that we should continue to work on getting people to earn more but that poverty of consumption is no longer found in the USA except among the Homeless who are often very difficult to help due to mental illness and drug habits (the worst of which is booze.)

There are of course people who drop through the cracks but that is problem of Government ineptitude rather than a lack of money and I am afraid that Government ineptitude will be forever with us.